Thin Wall Packaging Market Study with Key Players, Growth Opportunities, Regional Trends and Production Forecast to 2024

The market study covers the thin wall packaging market across segments. It aims at estimating the market size and the growth potential of this market, across different segments, namely, product type, material, production process, application, and region.

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Key factors such as industrialization, growth in middle-class population, the rise in disposable income, ease of convenient & visible packaging, and the rise in demand for sustainable packed products are expected to drive the demand for thin wall packaging in the Asia Pacific during the forecast period.

Overall thin wall packaging market size from the estimation process explained above, the total market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

The thin wall packaging market is expected to grow from USD 42.8 billion in 2018 to reach USD 53.7 billion by 2023, at a CAGR of 4.64% from 2018. The changing lifestyles have boosted the market for packaged food & beverages, which is one of the most significant factors driving the growth of the thin wall packaging market during the forecast period. In addition, factors such as cost-effectiveness and improved aesthetic appeal of thin wall packaging are influencing the growth of the market.

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Asia Pacific is projected to be the fastest-growing region in the thin wall packaging market, in terms of value. Key factors such as industrialization, growth in middle-class population, the rise in disposable income, ease of convenient & visible packaging, and the rise in demand for sustainable packed products, especially in the food & beverage sector, are expected to drive the demand for thin-wall packaging in the Asia Pacific during the forecast period.

The thin wall packaging market is dominated by large players, such as Amcor (Australia), Berry Global (US), Silgan Holdings (US), PACCOR (Germany), RPC Group (UK), Reynolds Group (New Zealand), ILIP Srl (Italy), Mold-Tek Packaging (India), Greiner Packaging International (Austria), and Double H Plastics (US).